What do you think why this project can turn into a pyramiding scheme? There is no recruiting and affiliating in MNX unlike bitconnect.
But I was also wondering what made the price spike continuously that is surpasses the marketcap of the coins I though were very solid than MNX. Right now its on 73rd and price is $36 at such a short period of time.
I agree, no real option to be a pyramid scheme... not sure the logic behind even thinking that applies here???
IMO, the price is a reflection that most people buying/mining MNX aren't selling it, they are parking it WITH the Minexbank, I put caps on the WITH because you don't actually put your coins in the bank, you use the bank to designate coins to put on hold for a day/week/month/year for a certain % return, but they stay in your wallet and you can cancel your parking anytime to free up your coins if you want to spend them (cancelling of course will void any interest you would have received).
If that's the case, the amount of MNX actually available for people to buy and park is greatly reduced.
With that logic in play, the price really can keep going up if the buyers and miners keep parking their coins instead of making them available for sale.
This really needs to get on another exchange though, one exchange is scary, what if that one exchange goes Mt. Gox, then what is the coin worth if there is nowhere to exchange it...